Consulting Industry in India - Problems, Solutions, Opportunities

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Consulting Industry in India - Problems, Solutions, Opportunities

  1. 1. Consulting Industry in India Problems Solutions Opportunities
  2. 2. Consulting at a Glance <ul><li>The Indian Consulting Industry has been growing at a much higher pace in the recent years. </li></ul><ul><li>The consulting industry has witnessed a considerable increase in the number of new comers in this field exploring all the industries. </li></ul><ul><li>The main aim has always been to gain market share in this highly consolidated and  competitive environment, primarily by capitalizing on the pertinent factors driving it. </li></ul>
  3. 3. To Talk Numbers <ul><li>APAC – Asia Pacific consulting industry generated $33.5 billion as revenues in 2008 and is expected to reach 39.2 billion by 2012. </li></ul><ul><li>The consulting industry is growing at a CAGR of 4.1% since 2007 </li></ul><ul><li>India contributes to 5.4% of the total revenue compared to japan which contributes 67.2%. </li></ul><ul><li>Corporate Strategy, Outsourcing Services, Human Resource Management, and Operations Management have been some of the prominent business divisions in the consulting market. </li></ul>
  4. 5. <ul><li>Acquiring the right set of talent </li></ul><ul><ul><ul><li>The expertise and right set of manpower can provide meaningful insights with optimum clarity and offer strategic advisory solutions on diverse subjects </li></ul></ul></ul><ul><li>Challenges to the firm in matching the client’s requirements </li></ul><ul><ul><ul><li>The client’s needs always being far from what is to offered, it is real problem as the flexible and multitasking expertise is still not available which remains a challenge. </li></ul></ul></ul>Then what is the problem
  5. 6. <ul><li>Outsourcing to India acts as a challenge as well as driver: </li></ul><ul><ul><ul><li>From a consulting firm’s perspective, though this factor helps expansion and globalization, companies feel that it restrains the company development and growth in the outsourced regions. </li></ul></ul></ul><ul><ul><ul><li>These are also some of the challenges that small and emerging consulting firms in India face </li></ul></ul></ul><ul><li>Market’ as a Challenge affects routine businesses: </li></ul><ul><ul><ul><li>Volatile market conditions affects consulting firms. </li></ul></ul></ul>
  6. 7. <ul><li>Maintaining long-term relationships with clients affects the long-term existence of the firm </li></ul><ul><ul><ul><li>Indian consulting market is more or less a buyers market. </li></ul></ul></ul><ul><ul><ul><li>More than convincing the companies to sign-up proposals, factors such as cost-benefit ratios, value added services and so on play a pivotal role. </li></ul></ul></ul><ul><li>Competition : Not a healthy thing for small players to grow </li></ul><ul><ul><ul><li>Big and established players dominate the market for strategy consulting with nearly three-fourth of the market share in their hands leaving a little for the upcoming ones. </li></ul></ul></ul>
  7. 8. <ul><li>Increasing rate of attrition affects the organizational growth: </li></ul><ul><ul><li>This problem has been rampant in Indian firms due to a plethora of reasons being the following </li></ul></ul><ul><ul><ul><li>Poor Pay </li></ul></ul></ul><ul><ul><ul><li>Poor Career Development </li></ul></ul></ul><ul><ul><ul><li>Poor Projects </li></ul></ul></ul><ul><ul><ul><li>Office Politics </li></ul></ul></ul><ul><ul><ul><li>Poor Management </li></ul></ul></ul><ul><ul><ul><li>Work/life Balance </li></ul></ul></ul>
  8. 10. The Soultion <ul><li>The solution is simple yet effective. Consult Genie gives you the right advice and help to all your problems. </li></ul><ul><li>ConsultGenie is the leading online market space where businesses connect with independent professionals to get work done. </li></ul><ul><li>ConsultGenie delivers an immediate, cost-effective and flexible way to hire, manage and pay independent professionals and contractors. </li></ul><ul><li>Companies tap into ConsultGenies’s skilled talent pool to distribute their work, while consultants use ConsultGenie to meet clients, stay independent and get paid for delivering great results. </li></ul>
  9. 12. <ul><li>Stay connected to us on the following platforms:- </li></ul><ul><li>@ConsultGenie on Twitter </li></ul><ul><li>ConsultGenie on Facebook Fan Page </li></ul><ul><li>consultgenie.wordpress.com on Corporate Blog </li></ul><ul><li>Don't miss this opportunity - Register Now </li></ul>

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